Khaleeq Kiani

2 weeks ago | dawn.com | Khaleeq Kiani

ISLAMABAD: Pakistan and Kazakhstan on Tuesday agreed to sign a transit trade accord for movement of goods through three Pakistani ports – Karachi, Bin Qasim and Gwadar – and to engage other regional landlocked nations for opening multiple trade corridors. At the conclusion of a two-day Joint Intergovernmental Commission (IGC), the two countries signed seven memorandums of understanding (MOUs) for cooperation in the transport, trade, business, culture and education sectors.

2 weeks ago | dawn.com | Khaleeq Kiani

ISLAMABAD: The International Monetary Fund’s (IMF) executive board will meet on May 9 to approve the immediate disbursement of about $1 billion to Pakistan under the ongoing Extended Fund Facility and allow an additional arrangement for the $1.3bn Resilience and Sustainability Facility (RSF). According to the IMF, the board meeting will consider Pakistan’s request for modifications to performance criteria in line with changing ground realities.

2 weeks ago | dawn.com | Khaleeq Kiani

ISLAMABAD: The power sector’s circular debt touched Rs2.396 trillion at the end of the first three quarters (July-March) of the current fiscal year, showing a modest Rs2 billion increase since July 1, but almost Rs398bn lower compared to March 2024. A Power Division report on circular debt for the period ending March 2025 showed that payables to power producers increased by around Rs33bn to Rs1.633tr, up from Rs1.60tr on July 1, 2024.

2 weeks ago | dawn.com | Khaleeq Kiani

• Retired public servants re-employed must choose either pension or salary • Condition applies to both contract, regular re-employment after age 60 • Move aims to curb rising pension costs under IMF requirements • Govt pension bill estimated at over Rs1tr in current fiscal year ISLAMABAD: The federal government has formally notified that retired public servants rejoining government service, whether on a contract or regular basis, will now have to choose between drawing a salary or receiving...

2 weeks ago | dawn.com | Khaleeq Kiani

ISLAMABAD: The federal government has conveyed its displeasure to the Punjab government over delay in approval process for tariff reduction of its two LNG-based power plants of more than 2,400MW, involving about Rs600bn savings over their remaining useful lives of 18 to 23 years.